Permian Horizontal Completions Optimization: Wolfcamp & Cline Focus
Organization: American Business Conferences
|Event Date/Time: Feb 18, 2015||End Date/Time: Feb 19, 2015|
With the Permian now producing around 1.7 million bpd across an average of 460 rigs, and set to reach the 3.5 million bpd figure in 2025, the basin is rapidly becoming the largest shale region in the United States. This year the Permian averaged a record number of 460 rigs, and these figures are only expected to increase progressively.So what is the key factor behind making sure these growth rates are reflected in on an individual company basis? Strategies for completions optimization.
Advances in horizontal completions and hydraulic fracturing are now needed to reduce well costs and optimize production in multi-stack Permian reservoirs. With the number of new horizontal wells overtaking the number of new vertical developments in the Permian for the first time last year, operators in the Wolfcamp A, B and C, Cline, Avalon and Bone Springs are continually collecting data indicating how adjustments in completions variables are correlating with incremental production rates to optimize designs going forward.
The 4th Annual Permian Horizontal Completions Optimization: Wolfcamp & Cline Focus congress has been re-researched and this year will focus specifically on how adjustments to completions variables are affecting costs and cumulative production in different Permian shale zones.
Speakers will deliver presentations showing how different combinations of frac variables, relative to cost, are impacting on initial and cumulative production and EOR by evaluating each completions variable separately, from fluid design to proppant sizes, types and concentrations; and from cluster spacing to number of stages.
Each Completions Design Session Will Be Addressed As Follows:
- Adjustment: which frac varibale the operator changed between wells
- Cost Of Adjustment: the cost impact of the varibale change
- Impact On Production: the extent to which changing the variable impacted production performance